Two Chinese nationals have been charged with conspiracy to launder narcotics proceeds on behalf of transnational criminal organisations, including the Sinaloa Cartel and the Cartel de Jalisco Nueva Generación (CJNG), according to an indictment unsealed in the Eastern District of Virginia. Ruhuan Zhen and Hongce Wu are alleged to have laundered drug money over a period spanning nearly nine years, from November 2016 to April 2025. Both defendants remain at large following their

A Georgian citizen has been sentenced to 37 months in prison for laundering more than $1.1 million in proceeds from a large-scale healthcare fraud scheme targeting Medicare and private insurers. Irakli Nakashidze, 35, a Georgian national residing in Miami, Florida, owned ABRH Care Inc (ABRH), which presented itself as a medical supply company but operated as a sham entity used to defraud Medicare. Court documents reveal that in the first six months of 2025 alone, ABRH billed

The Payment Systems Regulator (PSR) is consulting on proposals that would require Mastercard and Visa to report their UK financial performance, enabling the regulator to better monitor and assess scheme profitability over time. The move follows the PSR's market review of card scheme and processing fees, which found evidence consistent with profit margins being higher than would be expected in a competitive market. The earlier review concluded that the schemes do not face effe

The United States Department of Justice (DOJ) has announced criminal charges against two defence contractors accused of orchestrating a long-running bribery and major fraud conspiracy that corrupted the competitive procurement process for a Department of War technology innovation lab in the Pacific. Leonard Pick, 62, of Palm Beach Shores, Florida, and Brian Kent, 59, of Tampa, Florida, are alleged to have manipulated the contracting process surrounding the US Army Pacific Com

The Office of Financial Sanctions Implementation (OFSI), part of HM Treasury, has imposed a £165,000 monetary penalty on Deutsche Bank AG London Branch (DBLB) for breaches of the Russia (Sanctions) (EU Exit) Regulations 2019. The penalty, announced on 30 April 2026, relates to two payments totalling £635,618.75 processed in June and July 2022 to Okko LLC (Okko), a Russian media streaming company wholly owned by the designated person JSC New Opportunities. DBLB processed the p

An Ohio man has been sentenced to nine years in prison for running a cryptocurrency investment fraud scheme that raised more than $10 million from investors, many of them based around Columbus, Ohio. The case is the latest example of US authorities pursuing crypto-related fraud using traditional wire fraud enforcement powers. Rathnakishore Giri, 31, of New Albany, Ohio, was sentenced to nine years in prison followed by three years of supervised release after admitting to orch

Mehrdad Tabrizi, the owner of two Southern California medical companies, has pleaded guilty to wire fraud and money laundering after admitting he fraudulently obtained more than $1 million in COVID-19 relief funds. The case highlights the continuing enforcement focus on abuse of pandemic-era support schemes, particularly where dormant or ineligible businesses were used to secure government-backed loans. According to the DoJ, Tabrizi used Life Fleet Inc. and Resonante Group to

The US Department of Justice (DOJ) has secured a 15-year prison sentence against Mohammed Zohair Adi for money laundering conspiracy and providing false testimony, in a case centred on the laundering of proceeds from a large-scale marijuana trafficking organisation. The sentence, imposed in the Southern District of Alabama, also included a $50,000 fine and three years of supervised release. According to court documents, Adi helped launder millions of dollars linked to a netwo

Former Venezuelan Industry Minister Alex Saab has appeared in a federal court in Florida after US prosecutors unsealed an indictment accusing him of orchestrating a major international money laundering conspiracy tied to Venezuela’s CLAP food subsidy programme and illicit oil trading operations. The case marks one of the most significant US anti-corruption and sanctions-related prosecutions connected to the Maduro regime in recent years and underscores Washington’s continued

The US Department of Justice (DOJ) has announced the arrest and charging of Mohammad Baqer Saad Dawood Al-Saadi, an Iraqi national and alleged senior member of Kata’ib Hizballah, in a major terrorism case linked to Iranian-backed networks. Al-Saadi, 32, is accused of acting as an operative for Kata’ib Hizballah and Iran’s Islamic Revolutionary Guard Corps (IRGC), both designated by the US as foreign terrorist organisations. Prosecutors allege he was involved in almost 20 atta

The United States Department of Justice (DOJ) has intensified its campaign against Mexican cartels after unsealing a superseding indictment against alleged Cartel de Jalisco Nueva Generacion (CJNG) leader Audias Flores Silva, known as “Jardinero”. Prosecutors allege Flores Silva oversaw the trafficking of cocaine, heroin and methamphetamine into the United States while coordinating the laundering of drug proceeds back into Mexico. The case marks a significant escalation in th

The FCA has secured an additional 499-day prison sentence against convicted money launderer Richard Faithfull after he failed to fully satisfy a confiscation order linked to a £2.5 million laundering operation tied to overseas investment frauds. Faithfull, now 36, was originally sentenced in 2021 to 5 years and 10 months in prison following an FCA prosecution. Authorities said he played a role in a transnational organised crime network that laundered proceeds from at least se